Tridge summary
The global dairy trade is expected to grow by 15% to 14.2 MMT by 2031, with the United States, the EU, and New Zealand being the main exporters. The growth rates vary across different dairy products. Argentina is expected to account for 5% of the world exports of LPE by 2031. Belarus has become a major exporter, targeting the Russian market. The EU is projected to remain the world's leading exporter of cheese, followed by the US and NZ. China is New Zealand's largest importer of LPE. However, the growth of LPE imports in China may be limited due to an increase in domestic milk production. International dairy prices are projected to trend downward in the longer term despite current highs. The trade flows could be substantially altered by changes in environmental legislation and commercial trade agreements.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
World trade in dairy products is projected to expand over the next decade to reach 14.2 MMT in 2031, 15% more than during the base period. Growth rates vary across dairy products, with 1.7% p.a. for LPD, 1.6% p.a. for cheese, 1.5% for whey powder, 1.3% for butter, and 0.9% for LPE . Most of this growth will be covered by higher exports from the US, the EU and New Zealand. Australia, another exporter that has lost market share although it remains a leading exporter of cheese and LPD. In the case of LPE, Argentina is also a major exporter and is projected to account for 5% of world exports by 2031. In recent years, Belarus has become a major exporter, targeting its exports mainly to the Russian market due to the embargo suffered by that country. The EU will continue to be the world's leading exporter of cheese (44%), followed by the US and NZ. Sustained in the first case through the CETA agreement with Canada and with Japan after the ratification of the bilateral trade agreement in ...
Source: Diariolaopinion
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